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What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 3)

Written by: Jon Hansen

Article Overview: There are many factors both internally as well as externally that are affecting supply chain/ procurement practices today. From the growing talent vacuum to the continuing lack of collaboration between Finance, IT and Purchasing relative to corporate initiatives. What in your own experiences and opionions are the top 3 issues that procurement professionals face?

What are the 3 biggest challenges faced by supply chain/purchasing professionals today? (Survey Result 3)

Eric Hawkins, Flight Supervisor, MBA, Louisville, U.S.

1. A cash management strategy that prolongs payment on payables. This strategy hurts otherwise positive strategic relationships that provide and value and cost savings over the long run.

2. A sales and marketing strategy that offers consumer options at a cost to lean manufacturing and long-term product designs that allow supplier to deliver quality and have advance planning for the engineering and design phase of the product development cycle.

3. A less humane approach to forming relationships just short of a partnership that enrich the business experience and promote sustainable profitability and return to shareholders.

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Article Tags: business experience, cash management, consumer options, design phase, eric hawkins, humane approach, management strategy, marketing strategy, mba, partnership, payables, product development cycle, profitability, relationships, sales and marketing, shareholders, supervisor



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